California § 53356.03. 53356.03. (Amended by Stats. 1997, Ch. 204, Sec. 1.)

California Statutes

§ 53356.03. — 53356.03. (Amended by Stats. 1997, Ch. 204, Sec. 1.)

California·Code GOV Government Code - GOV·Div. 2.·Title 5. DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES·Part 1. PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES·Ch. 2.5. CHAPTER 2.5. The Mello-Roos Community Facilities Act of 1982·Art. 5. ARTICLE 5. Bonds

The proceeds of any bond, note, or other security issued pursuant to this chapter, or the proceeds of any bond, note, or other security issued pursuant to any other authority where revenue collected pursuant to this chapter is pledged or otherwise committed to pay or repay principal, interest, or both, shall be deposited or invested only in one or more of the instruments, securities, or obligations that are eligible legal investments of the local agency.

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The proceeds of any bond, note, or other security issued pursuant to this chapter, or the proceeds of any bond, note, or other security issued pursuant to any other authority where revenue collected pursuant to this chapter is pledged or otherwise committed to pay or repay principal, interest, or both, shall be deposited or invested only in one or more of the instruments, securities, or obligations that are eligible legal investments of the local agency.

California § 53356.03. (53356.03. (Amended by Stats. 1997, Ch. 204, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.